The business cycle describes fluctuations in output around the ____________.
A) potential output
B) boom output
C) recession output
D) actual output

Name: The business cycle describes fluctuations in output around the ____________. A) potential output B) boom output C) recession output D) actual output
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Question

Quizplus · Accepted Answer

The business cycle describes fluctuations in economic activity and output around the economy's potential output, which is the level of output that an economy can produce at a constant inflation rate.

The Business Cycle Describes Fluctuations in Output Around the ____________